COSEL CO.,LTD.
6905・Prime Market・Electric Appliances
Governance
Company with an Audit and Supervisory Committee. Board of directors comprises 12 members (9 excluding Audit and Supervisory Committee members, of whom 2 are outside directors; 3 Audit and Supervisory Committee members, of whom 2 are outside directors), including 4 independent outside directors. Introduced a Nomination and Compensation Committee and an executive officer system in 2021, transitioning from a company with a board of corporate auditors in August 2022. The Board of Directors meets 16 times per year.
Risk Management
Based on the "Risk Management Regulations," the company distinguishes between normal-time risk and crisis management in its response framework. The Risk Management and Compliance Committee (RC Committee) leads the identification, assessment, and response measures for company-wide risks, and BCP regulations have also been established. For sustainability risks, specialized committees and responsible departments collaborate by category (E/S/G), with a reporting structure established to the Board of Directors, the Executive Officers' Meeting, and the Management Committee.
Shareholder Returns
Raised the DOE floor from 3.5% to 4.5% (11th Medium-Term Management Plan). For FY2026 (ending May 2026), annual dividend of ¥55 (interim ¥27 + year-end ¥28), DOE 4.2%. FY2027 (ending May 2027) forecast is an annual dividend of ¥60 (interim ¥30 + year-end ¥30), payout ratio 153.9%.
Dividend Policy
The basic policy is progressive dividends with a floor of "Dividend on Equity (DOE) of 3.5%," implementing continuous and stable dividends of surplus. Under the 11th Medium-Term Management Plan, the DOE floor level was raised from 3.5% to 4.5%. Dividends are paid twice a year (interim and year-end). For FY2026 (ending May 2026), actual DOE was 4.2%, with an annual dividend per share of ¥55 (interim ¥27 + year-end ¥28). The forecast for FY2027 (ending May 2027) is an annual dividend per share of ¥60 (interim ¥30 + year-end ¥30).
ESG
Endorsed TCFD (2019). The company has set carbon neutrality for Scope 1 and 2 emissions as its FY2030 target and is promoting energy conservation and renewable energy adoption (FY2024 CO₂ emissions: 86t-CO₂; FY2025 target: 50t-CO₂ or less). On the social side, the company discloses its promotion of DE&I and improvement of the ratio of female managers (FY2024 actual: 6.6%, target: 8.0%) and a male childcare leave uptake rate of 109.1%. On governance, the company is working to strengthen board effectiveness through director study sessions and updates to its skills matrix.
Last updated: August 7, 2025